Trump's Bitcoin Sneakers Hit eBay: Scarcity Spurs High Resale Prices

Aug 1, 2024

Trump's Bitcoin Sneakers Hit eBay: Scarcity Spurs High Resale Prices
Trump's Bitcoin Sneakers Hit eBay: Scarcity Spurs High Resale Prices
Trump's Bitcoin Sneakers Hit eBay: Scarcity Spurs High Resale Prices

Donald Trump's limited edition Bitcoin-themed sneakers have quickly become a hot commodity on eBay, with scalpers listing them for as much as $2,500. These orange high-tops were released in a limited batch of 1,000 pairs and sold out within hours of their launch. Some pairs are even being offered at joke prices as high as $69,999. Despite the high interest and swift sell-out, the legitimacy of some eBay sellers has been questioned, with potential buyers advised to proceed with caution.The sneakers were launched alongside Trump's renewed support for cryptocurrencies, aligning with his recent pro-crypto policy statements made during his campaign for the 2024 presidential election. This move is seen as an attempt to appeal to the crypto community and diversify his campaign merchandise which already includes other themed items like perfumes and coolers.The situation reflects both the high demand for limited-edition collectibles associated with prominent figures and the volatile dynamics of the crypto-related market. Trump’s initiative appears to be part of a broader strategy to align with current financial trends and the interests of younger, tech-savvy demographics​.